DOYLESTOWN, Pa. — Presbyterian Senior Living (PSL) has entered into a non-binding letter of intent to acquire Pine Run Retirement Community, a 532-unit continuing care retirement community (CCRC) in Doylestown, approximately 25 miles north of Philadelphia.
If the deal closes, PSL will assume ownership of Pine Run, including Pine Run Lakeview Personal Care, from Doylestown Hospital. PSL intends to continue operating Pine Run as a CCRC.
Pine Run features 272 independent living cottages and 24 apartments on a 43-acre private campus. The campus is home to Pine Run Health Center, which offers rehabilitation services and 90 skilled nursing beds; The Garden, a 40-bed memory care neighborhood on the top floor of the health center; and The Willows, an intimate setting for palliative services.
Pine Run Lakeview is a 106-bed personal care residence owned and operated by Pine Run Retirement Community. The Pine Run Health Center has a five-star rating from the Centers for Medicare & Medicaid Services (CMS) and has been named among the Best Nursing Homes in the country consistently since 2020 by U.S. News & World Report.
As one of the nation’s largest nonprofit providers of aging services, PSL provides seniors housing and care services to more than 6,000 residents in 30 communities throughout the Mid-Atlantic region.
“Doylestown Hospital will continue to work with PSL to provide high-quality medical services and clinical leadership to the Pine Run community,” says Jim Brexler, president and CEO of Doylestown Hospital.